ADC Belgium: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ADC Belgium
Largest movements
- Receivables within one year +€410,425
up €410,425 (+32.4%), from €1.3m to €1.7m
of which Trade receivables: +€278,518
- Cash +€51,202
up €51,202 (+19.9%), from €256,788 to €307,990
mainly Trade debts (+€524,122) and Depreciation (+€35,100)
- Receivables after one year +€35,493
up €35,493 (+20.2%), from €176,038 to €211,531
of which Other amounts receivable: +€211,531
- Tangible fixed assets -€23,510
down €23,510 (-24.1%), from €97,615 to €74,106
of which Furniture and vehicles: -€28,998
- Trade debts +€524,122
up €524,122 (+60.8%), from €862,189 to €1.4m
- Tax, wage and social debts -€64,887
down €64,887 (-61.9%), from €104,897 to €40,010
of which Taxes: -€53,824
- Write-downs +€405,715
up €405,715 (+2,594%), from €15,638 to €421,353
- Gross operating margin +€292,353
up €292,353 (+62.5%), from €467,615 to €759,968
- Other operating charges -€60,849
down €60,849 (-95.9%), from €63,458 to €2,610
- Staff costs +€43,654
up €43,654 (+18.6%), from €235,259 to €278,913
- Taxes -€31,033
down €31,033 (-74.6%), from €41,621 to €10,588
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,823,008 | €2,283,391 | +€460,383 | +25.3% |
| Fixed assets | 21/28 | €99,115 | €75,606 | -€23,510 | -23.7% |
| Tangible fixed assets | 22/27 | €97,615 | €74,106 | -€23,510 | -24.1% |
| Plant, machinery and equipment | 23 | €41,451 | €46,940 | +€5,489 | +13.2% |
| Furniture and vehicles | 24 | €56,164 | €27,165 | -€28,998 | -51.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,723,893 | €2,207,785 | +€483,892 | +28.1% |
| Amounts receivable after more than one year | 29 | €176,038 | €211,531 | +€35,493 | +20.2% |
| Trade receivables | 290 | €176,038 | - | -€176,038 | |
| Other amounts receivable | 291 | - | €211,531 | +€211,531 | |
| Amounts receivable within one year | 40/41 | €1,265,643 | €1,676,068 | +€410,425 | +32.4% |
| Trade receivables | 40 | €1,196,310 | €1,474,828 | +€278,518 | +23.3% |
| Other amounts receivable | 41 | €69,333 | €201,240 | +€131,907 | +190% |
| Cash at bank and in hand | 54/58 | €256,788 | €307,990 | +€51,202 | +19.9% |
| Deferred charges and accrued income | 490/1 | €25,424 | €12,196 | -€13,228 | -52.0% |
| Total equity and liabilities | 10/49 | €1,823,008 | €2,283,391 | +€460,383 | +25.3% |
| Equity | 10/15 | €200,335 | €193,425 | -€6,910 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,250 | €187,225 | -€6,025 | -3.1% |
| Tax-exempt reserves | 132 | €11,390 | €11,390 | = | 0.0% |
| Distributable reserves | 133 | €181,860 | €175,835 | -€6,025 | -3.3% |
| Profit (loss) carried forward | 14 | €885 | - | -€885 | |
| Provisions and deferred taxes | 16 | €412,512 | €413,709 | +€1,196 | +0.3% |
| Provisions for liabilities and charges | 160/5 | €412,512 | €413,709 | +€1,196 | +0.3% |
| Other liabilities and charges | 164/5 | €412,512 | €413,709 | +€1,196 | +0.3% |
| Amounts payable | 17/49 | €1,210,161 | €1,676,257 | +€466,096 | +38.5% |
| Amounts payable after more than one year | 17 | €16,879 | €10,952 | -€5,927 | -35.1% |
| Financial debts | 170/4 | €16,879 | €10,952 | -€5,927 | -35.1% |
| Amounts payable within one year | 42/48 | €1,001,309 | €1,482,280 | +€480,971 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €5,698 | €5,927 | +€229 | +4.0% |
| Trade debts | 44 | €862,189 | €1,386,310 | +€524,122 | +60.8% |
| Suppliers | 440/4 | €862,189 | €1,386,310 | +€524,122 | +60.8% |
| Advances received on contracts in progress | 46 | €9,901 | €9,901 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €104,897 | €40,010 | -€64,887 | -61.9% |
| Taxes | 450/3 | €64,400 | €10,576 | -€53,824 | -83.6% |
| Remuneration and social security | 454/9 | €40,497 | €29,434 | -€11,063 | -27.3% |
| Other amounts payable | 47/48 | €18,623 | €40,130 | +€21,507 | +115% |
| Accrued charges and deferred income | 492/3 | €191,973 | €183,026 | -€8,948 | -4.7% |
| Remuneration, social security and pensions | 62 | €235,259 | €278,913 | +€43,654 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,870 | €35,100 | +€9,230 | +35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,638 | €421,353 | +€405,715 | +2,594% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,851 | €1,196 | +€4,048 | |
| Other operating charges | 640/8 | €63,458 | €2,610 | -€60,849 | -95.9% |
| Gross operating margin | 9900 | €467,615 | €759,968 | +€292,353 | +62.5% |
| Operating profit (loss) | 9901 | €130,241 | €20,795 | -€109,446 | -84.0% |
| Financial income | 75/76B | €5,750 | €5,697 | -€53 | -0.9% |
| Recurring financial income | 75 | €5,750 | €5,697 | -€53 | -0.9% |
| Financial charges | 65/66B | €9,606 | €3,413 | -€6,192 | -64.5% |
| Recurring financial charges | 65 | €9,606 | €3,413 | -€6,192 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €126,385 | €23,078 | -€103,307 | -81.7% |
| Income taxes | 67/77 | €41,621 | €10,588 | -€31,033 | -74.6% |
| Profit (loss) for the period | 9904 | €84,764 | €12,490 | -€72,274 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,764 | €12,490 | -€72,274 | -85.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.